Seven Seventeen Credit Union Mortgage Rates, Fees & Info

Warren, OH

LEI: 549300567BJCXPG9IV35

Tax ID: 34-0825325

5 stars - Updated: 3/17/24 - out of 5 stars, based on 49 reviews

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Seven Seventeen Credit Union is a smaller credit union specializing in Home Purchase loans. Seven Seventeen Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Youngstown, Akron, Cleveland, Salem, and Canton among others. We have data for 24 markets. (Some data included below & more in-depth data is available with an active subscription.)

Seven Seventeen Credit Union has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Seven Seventeen Credit Union is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.47% 3/17/24
30 Year Conventional Refi 6.57% 3/17/24
30 Year Cash-out Refi 6.92% 3/17/24
30 Year FHA Purchase 6.97% 3/17/24
30 Year FHA Refi 7.21% 3/17/24
30 Year VA Purchase 6.69% 3/17/24
15 Year Conventional Purchase 5.93% 3/17/24
15 Year Conventional Refi 6.70% 3/17/24
15 Year Cash-out Refi 6.70% 3/17/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Seven Seventeen Credit Union Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Seven Seventeen Credit Union. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

2,413

Origination Dollar Volume (All Markets)

$195,435,000
Show all (6) awards

Relative Rate

Seven Seventeen Credit Union's average 30 year fixed mortgage rate was 5.28%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of 0.52%.

Relative Fees (Closing Costs)

Seven Seventeen Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $3,603.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

Top Markets

Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

Market Originations Total Value Average Loan Average Fees Average Rate
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1,792 $143,350,000 $79,994 $3,020 5.23%
AKRON, OH (FHA|USDA|VA) 377 $27,535,000 $73,037 $2,961 5.54%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 49 $9,385,000 $191,531 $3,901 5.48%
Salem, OH (FHA|USDA|VA) 75 $6,095,000 $81,267 $2,864 5.37%
CANTON-MASSILLON, OH (FHA|USDA|VA) 63 $4,445,000 $70,556 $3,031 5.65%
Ashtabula, OH (FHA|USDA|VA) 16 $1,140,000 $71,250 $2,500 5.60%
COLUMBUS, OH (FHA|USDA|VA) 6 $800,000 $133,333 $3,520 5.44%
PITTSBURGH, PA (FHA|USDA|VA) 4 $490,000 $122,500 $5,268 4.78%
New Castle, PA (FHA|USDA|VA) 6 $320,000 $53,333 $3,411 4.83%
Ashland, OH (FHA|USDA|VA) 4 $320,000 $80,000 $645 8.06%
TOLEDO, OH (FHA|USDA|VA) 2 $270,000 $135,000 $3,458 3.88%
Wooster, OH (FHA|USDA|VA) 4 $220,000 $55,000 $0 5.16%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $205,000 $205,000 $0 4.50%
WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 1 $145,000 $145,000 $5,353 5.63%
Meadville, PA (FHA|USDA|VA) 1 $135,000 $135,000 $3,964 6.75%
Celina, OH (FHA|USDA|VA) 1 $105,000 $105,000 $3,536 3.75%
New Philadelphia-Dover, OH (FHA|USDA|VA) 3 $105,000 $35,000 $0 4.16%
Marion, OH (FHA|USDA|VA) 2 $80,000 $40,000 $0 5.55%
Outside of Metro Areas 1 $75,000 $75,000 $0 4.00%
MANSFIELD, OH (FHA|USDA|VA) 1 $65,000 $65,000 $2,929 3.88%
Zanesville, OH (FHA|USDA|VA) 1 $55,000 $55,000 $0 10.25%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $45,000 $45,000 $0 4.75%
DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $35,000 $35,000 $0 3.59%
Norwalk, OH (FHA|USDA|VA) 1 $15,000 $15,000 $0 4.50%
Seven Seventeen Credit Union's top markets include Youngstown, Akron, Cleveland, Salem, and Canton among others.

Their top states include:
  • Ohio (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Seven Seventeen Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 1,662 $75,330,000 $45,325 n/a 5.41%
    Conventional 743 $118,815,000 $159,913 $3,019 5.08%
    VA 8 $1,290,000 $161,250 $4,764 5.56%

    For 2022, Seven Seventeen Credit Union's most frequently originated type of loan was HELOC, with 1,662 originations. Their 2nd most popular type was Conventional, with 743 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 751 $31,675,000 $42,177 $436 5.50%
    Other 499 $21,545,000 $43,176 $492 6.08%
    Home Purchase 440 $79,880,000 $181,545 $3,554 4.87%
    Cash Out Refi 408 $34,370,000 $84,240 $3,085 5.05%
    Refi 315 $27,965,000 $88,778 $2,294 4.54%

    For 2022, Seven Seventeen Credit Union's most frequently cited loan purpose was Home Improvement, with 751 originations. The 2nd most popular reason was Other, with 499 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,156 $153,620,000 $71,252 $3,603 5.28%
    15 Year 121 $12,745,000 $105,331 $2,586 4.60%
    20 Year 54 $5,040,000 $93,333 $1,078 6.29%
    10 Year 53 $13,325,000 $251,415 $818 6.46%
    Other 23 $10,595,000 $460,652 $332 6.40%
    5 Year 6 $110,000 $18,333 $280 4.66%

    For 2022, Seven Seventeen Credit Union's most frequently cited loan duration was 30 Year, with 2,156 originations. The 2nd most popular length was 15 Year, with 121 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 444 $62,510,000 $140,788
    $<1k 115 $6,885,000 $59,870
    $2k-3k 79 $13,495,000 $170,823
    $3k-4k 26 $5,440,000 $209,231
    $4k-5k 15 $3,375,000 $225,000
    $5k+ 11 $2,395,000 $217,727

    Seven Seventeen Credit Union's average total fees were $3,603, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 444 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 821 $56,595,000 $68,934
    4-5% 468 $63,050,000 $134,722
    5-6% 419 $34,955,000 $83,425
    6-7% 289 $19,165,000 $66,315
    Over 8% 199 $8,035,000 $40,377
    7-8% 181 $8,025,000 $44,337
    2.5-3% 29 $4,265,000 $147,069
    <2.5% 6 $770,000 $128,333

    During 2022, Seven Seventeen Credit Union's average interest rate for loans was 5.28%, while their most frequently originated rate bucket for loans was 3-4%, with 821 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,932 $86,400,000 $44,720 $2,082 5.44%
    $100k-200k 318 $44,130,000 $138,774 $3,436 4.78%
    $200k-400k 143 $37,745,000 $263,951 $4,278 4.71%
    $400k-600k 13 $6,075,000 $467,308 $4,906 4.63%
    $600k-1MM 4 $2,640,000 $660,000 $4,253 5.34%
    $1MM+ 3 $18,445,000 $6,148,333 $0 4.13%

    2022 saw Seven Seventeen Credit Union place emphasis on $100,000 or less loans with 1,932 originations, totaling $86,400,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 712 $43,880,000 $61,629 $3,044 5.46%
    $50k or less 580 $29,060,000 $50,103 $2,712 5.36%
    $75k-100k 445 $35,485,000 $79,742 $2,996 5.21%
    $100k-150k 432 $38,380,000 $88,843 $3,482 5.21%
    $150k-250k 193 $21,955,000 $113,756 $3,270 5.19%
    $250k+ 24 $3,810,000 $158,750 $4,187 4.75%

    Seven Seventeen Credit Union lent most frequently to those with incomes in the $50k-75k range, with 712 originations. The second most popular income band? $50k or less, with 580 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 557 $38,445,000 $69,022 $2,992 5.20%
    30-36% 429 $31,235,000 $72,809 $3,002 5.16%
    <20% 296 $16,390,000 $55,372 $2,683 4.76%
    40% 100 $7,990,000 $79,900 $3,320 5.73%
    42% 88 $8,500,000 $96,591 $3,144 5.62%
    39% 86 $6,900,000 $80,233 $2,861 5.54%
    44% 82 $7,450,000 $90,854 $3,036 5.05%
    36% 80 $5,640,000 $70,500 $3,266 5.28%
    41% 79 $5,735,000 $72,595 $3,224 5.67%
    43% 75 $4,915,000 $65,533 $3,088 5.74%
    38% 74 $6,340,000 $85,676 $2,859 5.66%
    50-60% 68 $3,800,000 $55,882 $2,176 5.55%
    37% 68 $5,310,000 $78,088 $2,858 5.69%
    47% 66 $5,590,000 $84,697 $3,841 6.10%
    46% 65 $4,635,000 $71,308 $2,785 5.54%
    45% 55 $3,915,000 $71,182 $3,540 5.68%
    49% 41 $4,145,000 $101,098 $4,219 5.39%
    48% 39 $3,685,000 $94,487 $3,932 5.43%
    >60% 6 $240,000 $40,000 $280 4.39%

    Seven Seventeen Credit Union lent most frequently to those with DTI ratios of 20-30%, with 557 originations. The next most common DTI ratio? 30-36%, with 429 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,094 $150,010,000 $71,638 $3,068 5.29%
    Not applicable 24 $22,670,000 $944,583 $0 4.25%
    Not provided 194 $16,950,000 $87,371 $3,006 5.30%
    Black 93 $5,415,000 $58,226 $2,457 5.92%
    Native Hawaiian or Islander 2 $130,000 $65,000 $0 6.00%
    Asian 2 $130,000 $65,000 $0 5.37%
    American Indian 4 $130,000 $32,500 $0 5.16%

    Approval Rates

    Total approvals of all applications
    83.78%

    Seven Seventeen Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    81.48%

    Seven Seventeen Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    360.0 2 $110,000 $55,000
    NA 2,411 $195,325,000 $81,014

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,413 $195,435,000 $80,993

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 745 $37,515,000 $50,356 $1,567 5.42%
    40-60% 300 $27,860,000 $92,867 $2,662 4.89%
    60-80% 342 $38,480,000 $112,515 $3,255 5.00%
    80-100% 367 $54,975,000 $149,796 $3,624 4.96%
    Over 100% 2 $360,000 $180,000 $4,309 5.06%
    Under 20% 646 $19,680,000 $30,464 $329 5.72%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    SFMC L.P. Conventional home mortgage Closing on a mortgage 1 100.0%